Media headlines about PNC Financial Services Group (NYSE:PNC) have been trending somewhat positive on Wednesday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. PNC Financial Services Group earned a daily sentiment score of 1.58 on their scale. InfoTrie also gave media stories about the financial services provider an news buzz score of 5 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected PNC Financial Services Group’s analysis:
Shares of NYSE PNC traded up $1.52 during midday trading on Wednesday, hitting $133.28. 2,242,400 shares of the stock traded hands, compared to its average volume of 2,302,772. The stock has a market capitalization of $60.30 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.28 and a beta of 0.92. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.90 and a quick ratio of 0.89. PNC Financial Services Group has a one year low of $116.55 and a one year high of $163.59.
PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.09. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.32 billion. PNC Financial Services Group had a return on equity of 10.88% and a net margin of 30.97%. During the same period in the prior year, the firm earned $2.16 EPS. Equities research analysts anticipate that PNC Financial Services Group will post 10.75 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 5th. Stockholders of record on Wednesday, October 17th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, October 16th. This represents a $3.80 annualized dividend and a dividend yield of 2.85%. PNC Financial Services Group’s payout ratio is 44.71%.
Several research firms recently issued reports on PNC. Vining Sparks reaffirmed a “buy” rating and issued a $160.00 price objective on shares of PNC Financial Services Group in a research report on Tuesday, October 9th. ValuEngine raised PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. BMO Capital Markets lowered their price objective on PNC Financial Services Group to $139.00 and set an “outperform” rating on the stock in a research report on Monday, October 15th. They noted that the move was a valuation call. Nomura lowered their price objective on PNC Financial Services Group from $162.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. Finally, UBS Group set a $137.00 price objective on PNC Financial Services Group and gave the company a “hold” rating in a research report on Monday, October 15th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $155.50.
In other news, EVP Robert Q. Reilly sold 24,710 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $140.49, for a total value of $3,471,507.90. Following the completion of the sale, the executive vice president now directly owns 131,020 shares in the company, valued at approximately $18,406,999.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is owned by corporate insiders.
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PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
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